---
schema_version: "secwatch.filing_event.v1"
accession: "0001590714-22-000085"
form_type: "8-K"
ticker: "ESI"
cik: "0001590714"
company_name: "Element Solutions Inc"
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:29:33.096438+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Element Solutions increases revolver to $375M, extends maturity to 2027, replaces LIBOR with SOFR

## Summary
- New $375M revolving credit facility replaces prior $330M facility; matures Nov 15, 2027.
- Letter of credit sublimit raised to $115M from $100M; no immediate drawdown.
- Interest spreads: initial Term SOFR spread 1.75%, base rate 0.75%; step-down based on leverage.
- Barclays replaced by Citibank as administrative and collateral agent under credit agreement.
- Term loans now bear interest at 1-month SOFR + 2.00% per Amendment No. 5; cross-currency swaps amended.

## SEC filing metadata
- accession: 0001590714-22-000085
- form_type: 8-K
- ticker: ESI
- cik: 0001590714
- company_name: Element Solutions Inc
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/0001590714-22-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/esi-20221115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590714-22-000085
- JSON: https://secwatch.observer/filing/0001590714-22-000085.json
- Plain text: https://secwatch.observer/filing/0001590714-22-000085.txt

## Key facts
- Debt Financings
  Element Solutions Inc incurred revolving credit of $375 million with Citibank, N.A. at 1.75% per annum for Term SOFR loans, EURIBO rate loans or RFR loans and 0.75% pe maturing November 15, 2027.
  - Instrument: revolving credit
  - Principal: $375 million
  - Counterparty: Citibank, N.A.
  - Rate: 1.75% per annum for Term SOFR loans, EURIBO rate loans or RFR loans and 0.75% pe
  - Maturity: November 15, 2027
  - Event: incurrence
  source text: Amendment No. 6 provided for (i) a revolving credit facility in an aggregate principal amount of $375 million (the "New Revolving Credit Facility"), which replaced the $330 million revolving credit facility in effect immediately prior to the Effective Date (the "Initial Revolving Credit Facility"), and (ii) amended interest rates applicable to borrowings under the New Revolving Credit Facility (as described below).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/0001590714-22-000085-index.htm
- Material Agreements
  Element Solutions Inc amended Cross-currency Swaps with certain banks included in the Credit Agreement syndicate (the Hedge Counterparties) (effective 2022-10-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: certain banks included in the Credit Agreement syndicate (the Hedge Counterparties)
  - Effective: 2022-10-24
  source text: On October 24, 2022, the Company amended its existing cross-currency swaps (the "Swaps") with certain banks included in the Credit Agreement syndicate (the "Hedge Counterparties") to effectively swap to a fixed rate the one-month Term SOFR interest rate applicable to the Term Loans pursuant to Amendment No. 5.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/0001590714-22-000085-index.htm
- Material Agreements
  Element Solutions Inc amended Amendment No. 6 to Credit Agreement with Citibank, N.A. and the several lenders party thereto valued at $375 million (effective 2022-11-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citibank, N.A. and the several lenders party thereto
  - Value: $375 million
  - Effective: 2022-11-15
  source text: Amendment No. 6 provided for (i) a revolving credit facility in an aggregate principal amount of $375 million (the "New Revolving Credit Facility")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/0001590714-22-000085-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.